The Influence of Good Corporate Governance, Financial and Environmental Performance towards Firm Value: Case of Manufacturing Companies in Indonesia
Toto Rusmanto1, Melinda Lisal2
1Toto Rusmanto, Associate Professor in Accounting and Head of Accounting Technology Program, Faculty of Economics an Communication, Bina Nusantara University, Jakarta,
2Melinda Lisal, SE. graduated Student, Accounting Department, Faculty of Economics and Communications, Bina Nusantara University, Jakarta, Indonesia
Manuscript received on October 12, 2019. | Revised Manuscript received on 22 October, 2019. | Manuscript published on November 10, 2019. | PP: 4610-4613 | Volume-9 Issue-1, November 2019. | Retrieval Number: L38371081219/2019©BEIESP | DOI: 10.35940/ijitee.L3837.119119
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: This study aims to observe and analyze the influence of proportion of independent board commissioners, the audit committee, board of directors, return on asset, return on equity and environmental performance towards firm value. Firm value was proxied with Tobin’s Q. The population in this study is manufacturing companies listed in Indonesia Stock Exchange year 2013 – 2017. The study used 18 sample companies from 160 companies. The sample was determined by using purposive sampling. The result of this study showed that proportion of independent board commissioners, audit committee and Return On Assets has a significant effect on firm value while the board of directors, Return On Equity and PROPER has no significant effect on firm value.
Keywords: Commissioners Board, Audit Committee, Board of Directors, Return on Asset, Return on Equity
Scope of the Article: Manufacturing Processes